Examlex
The allowance for doubtful accounts, which appears as a deduction from accounts receivable on a balance sheet and which is based on an estimate of bad debts, is an application of the
Physicals
Refers to physical commodities or assets, as opposed to financial instruments or derivatives, that are traded or examined.
Price Ceiling
A government-imposed limit on how high a price can be charged on a product or service, intended to protect consumers.
Market Price
The amount of money a buyer is willing to pay and a seller is willing to accept for a good or service in a competitive market.
Shortage
A market condition in which the demand for a product or service exceeds its supply, often leading to higher prices.
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